17,400 Shares in Palantir Technologies Inc. (NYSE:PLTR) Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC acquired a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,400 shares of the company’s stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $25,000. Farmers & Merchants Investments Inc. purchased a new stake in Palantir Technologies during the 2nd quarter worth approximately $25,000. First United Bank & Trust acquired a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $26,000. West Paces Advisors Inc. lifted its position in shares of Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after acquiring an additional 620 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after acquiring an additional 691 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Northland Capmk raised Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. DA Davidson increased their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Northland Securities started coverage on shares of Palantir Technologies in a research report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price target on the stock. Mizuho downgraded shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $21.00 to $22.00 in a report on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $26.79.

Insider Buying and Selling at Palantir Technologies

In related news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total transaction of $617,800.00. Following the completion of the transaction, the director now owns 1,510,630 shares of the company’s stock, valued at approximately $46,663,360.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total transaction of $617,800.00. Following the transaction, the director now owns 1,510,630 shares of the company’s stock, valued at approximately $46,663,360.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 249,684 shares of Palantir Technologies stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $30.01, for a total value of $7,493,016.84. Following the completion of the transaction, the insider now directly owns 372,565 shares of the company’s stock, valued at $11,180,675.65. The disclosure for this sale can be found here. Insiders sold a total of 724,699 shares of company stock worth $22,329,596 over the last three months. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 0.3 %

PLTR stock opened at $34.85 on Thursday. Palantir Technologies Inc. has a 52-week low of $13.68 and a 52-week high of $35.20. The stock has a market cap of $77.61 billion, a price-to-earnings ratio of 290.42, a price-to-earnings-growth ratio of 5.35 and a beta of 2.72. The business has a fifty day moving average of $29.34 and a two-hundred day moving average of $25.34.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The business had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. During the same period in the previous year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.